Insurance Startup Tabit Gathers $40m in Crypto Venture Capital, Rain Receives $24.50m

Over the past week, there has been a heightened emphasis on venture capital investment in financial infrastructure services.

Tabit Insurance and Rain have collectively secured over $64 million for specialized financial offerings.

Crypto Fundraising data indicates that the total funding for the week surpassed $130 million. The data suggests that there was an increased interest in insurance, payments, and multi-ecosystem development across various blockchain networks.

Excited to announce that Rain has secured $24.5M in new funding, led by NorwestVP and with participation from new investors such as Galaxyhq, CompoSecure, Goldcrest, Vinyl, BDMIFund, LatitudeCapital, Thayer, and Hardyaka, as well as existing investors including Lightspeedvp, Cbventures, and CanonicalCrypto.

Big news! Abound has raised $14M to improve cross-border financial solutions for NRIs. We're grateful to NEARFoundation, Circle Ventures, and TimesInternet for supporting our vision. Here’s to more seamless remittances and tailored financial services!

Excited to announce that Chronicle has raised $12M in Seed Funding, led by Strobefund, to build infrastructure for the next wave of institutional adoption.